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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Maya who wrote (34602)	7/22/1998 1:44:00 PM
From: Stoctrash	Read Replies (1) \| Respond to of 50808

ATTENTION CUBE Mgnt... A PR on the bonds you just bought might be GOOD PR, NO???? ...and next to them EE/mpeg/IC books there are some Finance 101 Books. Have you read them ALEX B?? ---- "The Goals of a corporation What is the goal at a corporation? What should a manager do? World peace, greed, pollute as much as possible? No! the usual answer (in the U.S.) is: " . to maximize shareholder wealth" Why should a manager want to maximize shareholder wealth? Managerial Incentives to Maximize Shareholder Wealth Stockholders own the firm. They elect the board of directors, which then elects the management team. Thus, management is supposed to operate in the best interests of the stockholders. However, might managers have other interests at heart - perhaps their own? Might management work just hard enough to give stockholders "reasonable" returns, and then spend their remaining time on public service, higher salaries, or golfing? If a firm is operating in a competitive market, then the managers will be forced to undertake activities consistent with shareholder wealth maximization. Why should shareholder wealth be the prime concern for a manager? www3.mgmt.purdue.edu